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Understanding the Amortizations of the 174 Expenses – How the R&D Credit Can Help
April 5 @ 1:00 pm - 2:00 pm
Understanding the Amortizations of the 174 Expenses – How the R&D Credit Can Help
– CFO & Controller Series –
Wednesday, April 5th
1pm – 2pm EST
Webinar
As many of you are preparing to file tax returns with the upcoming April filing deadline or on extension, understanding the implication of the changes to Internal Revenue Code Section 174 that took effect with tax year 2022 is critical. Most industry professionals were expecting this change to go away by now, but we must face the very real possibility that this change isn’t going anywhere anytime soon.
We will discuss the major changes, how to best prepare for the next 5 years, and how to mitigate the initial increase in tax liability in 2022.
If your company is part of the following industries, you likely have Sec. 174 expenses to consider:
- Manufacturing
- Software & Technology
- Engineering
- Architecture
Learning Objectives:
- Identify 174 expenses vs. R&D qualified expenses
- Understand section 174 amortization and its impact on taxpayers
- Discover how to reduce the initial increase in tax liability
- Prepare for the next few years, or for any reversal of the bill